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This ETF offers a unique way of accessing the municipal bond market; XMPT invests in closed end funds that in turn invest in munis; an approach to this asset class that has both potential advantages and drawbacks. XMPT features impressive diversity of exposure, and also offers investors a way to gain access to some of the world's most successful muni bond managers through a single ticker. Moreover, because the methodology is designed to overweight CEFs trading at a discount to their NAV, this product may be able to deliver attractive current returns. XMPT will be most appealing to investors in a higher tax bracket given the nature of the underlying holdings. This ETF can be used in a number of different ways; it could have appeal as a tactical tool for establishing short term exposure to this segment of the bond market, and could also be useful as a longer-term core fixed income holding. Investors should note that some of the underlying CEFs employ leverage, which can lead to both enhanced returns and higher volatility. The primary drawback of XMPT is the hefty expense ratio. Although the management fee charged by Van Eck is reasonable, the fund-of-fund structure creates another layer of fees that are effectively borne by investors in this product. There are several options in the National Munis ETFdb Category that are considerably cheaper, including the ultra-popular MUB. That ETFdb Category also features a number of options for fine-tuning muni bond exposure, whether it be by maturity or credit quality.
The adjacent table gives investors an individual Realtime Rating for XMPT on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Total Bond Market with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
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This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 13 other ETFs in the Total Bond Market ETFdb.com Category that are also eligible for commission free trading:
XMPT does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of XMPT relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.